www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Perenco takes FID in Cameroon http://www.upstreamonline.com/live/1418004/perenco-takes-fid-in-cameroon Perenco has taken a final investment decision on its Cameroon FLNG project after confirming a liquefied natural gas offtake contract with Russia’s Gazprom. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1418004/perenco-takes-fid-in-cameroon Fri, 27 Nov 2015 16:40:59 +0000 live Alberta’s climate change policy welcomed http://www.upstreamonline.com/live/1417997/albertas-climate-change-policy-welcomed Becoming a leader in climate change reform has been the Alberta government’s dream since the New Democratic Party took office in May 2015. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417997/albertas-climate-change-policy-welcomed Fri, 27 Nov 2015 16:01:41 +0000 live Ecuador back on track with production deals http://www.upstreamonline.com/live/1417996/ecuador-back-on-track-with-production-deals Two oilfield services companies are edging close to new oil producing deals in Ecuador, offering a lifeline to the struggling Andean nation. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417996/ecuador-back-on-track-with-production-deals Fri, 27 Nov 2015 15:57:19 +0000 live UK government to evaluate Cuadrilla appeal http://www.upstreamonline.com/live/1418000/uk-government-to-evaluate-cuadrilla-appeal The UK’s secretary of state for communities and local government (DCLG) will intervene and evaluate an appeal made by shale gas explorer Cuadrilla Resources to use hydraulic fracturing to drill in north-west England against a local county council’s decision to reject the application. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1418000/uk-government-to-evaluate-cuadrilla-appeal Fri, 27 Nov 2015 14:39:23 +0000 live Brent C output to resume 'in days' http://www.upstreamonline.com/live/1417999/brent-c-output-to-resume-in-days Production from Shell’s Brent Charlie platform is expected to re-start in “a few days” following a power outage, the supermajor has said. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417999/brent-c-output-to-resume-in-days Fri, 27 Nov 2015 14:30:01 +0000 live New lay-up for Island http://www.upstreamonline.com/live/1417995/new-lay-up-for-island Island Offshore is docking its platform supply vessel Island Commander in the latest lay-up by the Norwegian shipowner due to a market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417995/new-lay-up-for-island Fri, 27 Nov 2015 13:19:26 +0000 live Nigeria oil theft 'for $250m' http://www.upstreamonline.com/live/1417974/nigeria-oil-theft-for-usd-250m Thieves have stolen crude worth nearly $250 million from a single pipeline in Nigeria so far this year, according to state-owned Nigeria National Petroleum Corporation (NNPC). Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417974/nigeria-oil-theft-for-usd-250m Fri, 27 Nov 2015 10:12:24 +0000 live SPIE wins $13m QCLNG deal http://www.upstreamonline.com/live/1417973/spie-wins-usd-13m-qclng-deal BG Group has handed a French company a deal worth A$18 million (US$13 million) to provide skilled personnel at the UK gas giant’s Queensland Curtis LNG (QCLNG) project in eastern Australia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417973/spie-wins-usd-13m-qclng-deal Fri, 27 Nov 2015 10:07:43 +0000 live Norwegian vessel joins MH370 search http://www.upstreamonline.com/live/1417969/norwegian-vessel-joins-mh370-search Dutch survey player Fugro is ploughing a third vessel into the search for the doomed Malaysia Airlines jet that is presumed to have crashed into the southern Indian Ocean in early 2014, killing 239 people. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417969/norwegian-vessel-joins-mh370-search Fri, 27 Nov 2015 09:12:10 +0000 live Russia 'backs French action' against IS oil http://www.upstreamonline.com/live/1417972/russia-backs-french-action-against-is-oil Russia and France are reported to have agreed to step up air strikes against oil transport by the so-called Islamic State (IS) in Syria after presidents of both countries met to discuss measures to counter the militant group. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1417972/russia-backs-french-action-against-is-oil Fri, 27 Nov 2015 09:00:16 +0000 live Norway government on spot over Statoil http://www.upstreamonline.com/live/1417968/norway-government-on-spot-over-statoil Norway waits for a response, as cost cuts, unemployment and fears for future projects take their toll Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417968/norway-government-on-spot-over-statoil Fri, 27 Nov 2015 08:43:59 +0000 live NDC ups Lamprell jack-up options http://www.upstreamonline.com/live/1417967/ndc-ups-lamprell-jack-up-options Abu Dhabi’s National Drilling Company (NDC) has inked another jack-up newbuild option at Lamprell while also pushing out exercise dates for two existing options. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417967/ndc-ups-lamprell-jack-up-options Fri, 27 Nov 2015 08:36:59 +0000 live Low bidder emerges in Umm Shaif race http://www.upstreamonline.com/live/1417966/low-bidder-emerges-in-umm-shaif-race One of three bidders has emerged as favourite to land the job for the Umm Shaif oilfield expansion project off Abu Dhabi after submitting the lowest bid for the job. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417966/low-bidder-emerges-in-umm-shaif-race Fri, 27 Nov 2015 08:01:53 +0000 live Crude falls on Chinese data http://www.upstreamonline.com/live/1417965/crude-falls-on-chinese-data Crude oil futures fell on Friday with losses this month standing at over 8%, hurt by disappointing Chinese economic data and worries over a supply glut. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417965/crude-falls-on-chinese-data Fri, 27 Nov 2015 05:04:15 +0000 live Cooper opens Gippsland data room http://www.upstreamonline.com/live/1417964/cooper-opens-gippsland-data-room Adelaide-based Cooper Energy is looking to secure an additional partner for to help fund its gas developments in eastern Australia's Gippsland basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417964/cooper-opens-gippsland-data-room Fri, 27 Nov 2015 04:51:00 +0000 live Cairn gets Senegal extension http://www.upstreamonline.com/live/1417962/cairn-gets-senegal-extension Edinburgh-based Cairn Energy has received a three-year extension to the petroleum sharing contract containing the SNE and Fan oil discoveries off Senegal. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417962/cairn-gets-senegal-extension Fri, 27 Nov 2015 04:01:56 +0000 live Muhibbah wins Ophir EPCIC gig http://www.upstreamonline.com/live/1417961/muhibbah-wins-ophir-epcic-gig Malaysia's Muhibbah Engineering has been awarded an engineering, procurement, construction, installation and commissioning contract for the Ophir oilfield off Peninsular Malaysia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417961/muhibbah-wins-ophir-epcic-gig Fri, 27 Nov 2015 02:21:17 +0000 live Duo gets in step for S1 and Vashishta prize http://www.upstreamonline.com/live/1417960/duo-gets-in-step-for-s1-and-vashishta-prize A partnership of two companies is in pole position to win a key $350 million-plus subsea installation contract from India’s state-owned Oil & Natural Gas Corporation (ONGC) for work on the S1 and Vashishta field development off the country’s eastern coast. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417960/duo-gets-in-step-for-s1-and-vashishta-prize Fri, 27 Nov 2015 01:20:53 +0000 live Power restored at Shell’s Brent C http://www.upstreamonline.com/live/1417948/power-restored-at-shells-brent-c Shell removed almost 30 workers from its Brent Charlie platform in the UK North Sea on Thursday after the facility suffered a technical failure. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417948/power-restored-at-shells-brent-c Thu, 26 Nov 2015 19:04:52 +0000 live Zohr drilling to re-start in January http://www.upstreamonline.com/live/1417947/zohr-drilling-to-re-start-in-january Drilling at Eni's supergiant Zohr gas project off Egypt will re-start in January, the company's chief executive said on Thursday. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417947/zohr-drilling-to-re-start-in-january Thu, 26 Nov 2015 16:07:57 +0000 live Russia eyes 'TurkStream sanction' http://www.upstreamonline.com/live/1417945/russia-eyes-turkstream-sanction Russia is reportedly considering imposing restrictions on its proposed Turkish Stream gas pipeline via Turkey in retaliation for the downing of one of its fighter jets by Turkish forces, posing a further potential obstacle to the stalled route. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417945/russia-eyes-turkstream-sanction Thu, 26 Nov 2015 14:22:53 +0000 live Perenco, Gazprom ‘in Kribi LNG deal’ http://www.upstreamonline.com/live/1417943/perenco-gazprom-in-kribi-lng-deal Perenco has hatched a deal with Gazprom that will see the Russian gas monopoly take all liquefied natural gas from one of the operator’s projects off Cameroon, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417943/perenco-gazprom-in-kribi-lng-deal Thu, 26 Nov 2015 14:14:45 +0000 live Centrica stalls on Fogelberg http://www.upstreamonline.com/live/1417937/centrica-stalls-on-fogelberg Centrica has reportedly decided to delay by a year submission of a development plan for its Fogelberg field off Norway, making it the latest project to be postponed amid industry cost-cutting. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417937/centrica-stalls-on-fogelberg Thu, 26 Nov 2015 13:09:51 +0000 live Prosafe eyes ‘flexible’ Safe Zephyrus delivery http://www.upstreamonline.com/live/1417933/prosafe-eyes-flexible-safe-zephyrus-delivery Norwegian floatel specialist Prosafe may further delay delivery of a newbuild unit currently under construction at Jurong Shipyard in Singapore. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417933/prosafe-eyes-flexible-safe-zephyrus-delivery Thu, 26 Nov 2015 11:55:13 +0000 live 'Too early' for CCS decision: contenders http://www.upstreamonline.com/live/1417918/too-early-for-ccs-decision-contenders The future of carbon capture and storage (CCS) projects in the UK is not yet "definitive" but continuation is "difficult to imagine without the governments' £1 billion ($1.5 billion) support scheme" that was recently cancelled, project contenders said. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417918/too-early-for-ccs-decision-contenders Thu, 26 Nov 2015 10:28:31 +0000 live Rosneft staff 'killed in chopper crash' http://www.upstreamonline.com/live/1417915/rosneft-staff-killed-in-chopper-crash Employees of Russia’s state-owned oil company Rosneft were reported to be among 10 people killed when a Mi-8 helicopter crashed in the Krasnoyarsk region in Siberia on Thursday. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1417915/rosneft-staff-killed-in-chopper-crash Thu, 26 Nov 2015 10:16:38 +0000 live Floods strike Qatar, Saudi Arabia http://www.upstreamonline.com/live/1417903/floods-strike-qatar-saudi-arabia Gas-rich Qatar has ordered an investigation after a year’s worth of rain in one day paralysed some of the country’s infrastructure and exposed failings in some construction projects. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417903/floods-strike-qatar-saudi-arabia Thu, 26 Nov 2015 08:53:49 +0000 live BP awards Aker more work http://www.upstreamonline.com/live/1417901/bp-awards-aker-more-work Service provider Aker Solutions has been awarded a maintenance and modifications contract covering fields offshore Norway operated by UK supermajor BP. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417901/bp-awards-aker-more-work Thu, 26 Nov 2015 07:56:07 +0000 live Selada duster for Lundin http://www.upstreamonline.com/live/1417900/selada-duster-for-lundin Lundin Petroleum has failed to deliver the goods with the Selada-1 exploration well drilled off Peninsular Malaysia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417900/selada-duster-for-lundin Thu, 26 Nov 2015 07:44:33 +0000 live Wood Group wins Iraq contract http://www.upstreamonline.com/live/1417899/wood-group-wins-iraq-contract UK-listed service provider Wood Group has been awarded a project management contract in Iraq worth $90 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417899/wood-group-wins-iraq-contract Thu, 26 Nov 2015 07:24:43 +0000 live Honghua sells Middle East land rigs http://www.upstreamonline.com/live/1417898/honghua-sells-middle-east-land-rigs Chinese rig manufacturer Honghua Group has secured a deal to supply land drilling rigs to an unnamed client in the Middle East. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417898/honghua-sells-middle-east-land-rigs Thu, 26 Nov 2015 07:08:24 +0000 live Oil prices flat at Thanksgiving http://www.upstreamonline.com/live/1417897/oil-prices-flat-at-thanksgiving Brent and US crude oil futures traded nearly flat on Thursday on light trading due to the US Thanksgiving holiday. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417897/oil-prices-flat-at-thanksgiving Thu, 26 Nov 2015 03:52:30 +0000 live SembMarine seeking Marco Polo payments http://www.upstreamonline.com/live/1417896/sembmarine-seeking-marco-polo-payments Sembcorp Marine has fired back a dispute with fellow Singaporean company Marco Polo Marine over a the latter's cancellation of a jack-up drilling rig. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417896/sembmarine-seeking-marco-polo-payments Thu, 26 Nov 2015 03:43:12 +0000 live CIMC completes North Dragon http://www.upstreamonline.com/live/1417895/cimc-completes-north-dragon Chinese yard CIMC Raffles has completed construction of midwater semi-submersible drilling rig North Dragon that is set for delivery once employment has been secured, expected in the first quarter. (Xu Yihe) http://www.upstreamonline.com/live/1417895/cimc-completes-north-dragon Thu, 26 Nov 2015 02:47:30 +0000 live PetroChina in pipeline subsidiary sale http://www.upstreamonline.com/live/1417893/petrochina-in-pipeline-subsidiary-sale State-run PetroChina is planning to sell off a 50% stake in its Trans-Asia Gas Pipeline subsidiary to a unit of state-owned China Reform Holdings for as much as 15.5 billion yuan ($2.4 billion). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417893/petrochina-in-pipeline-subsidiary-sale Thu, 26 Nov 2015 02:00:39 +0000 live Oil steadies after early losses http://www.upstreamonline.com/live/1417891/oil-steadies-after-early-losses Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of US rigs actively drilling for oil. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417891/oil-steadies-after-early-losses Wed, 25 Nov 2015 23:08:54 +0000 live COS courting 'other offers' http://www.upstreamonline.com/live/1417890/cos-courting-other-offers Candian Oil Sands (COS) is fielding offers from other potential buyers in a move to thwart a hostile takeover by Suncor Energy. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417890/cos-courting-other-offers Wed, 25 Nov 2015 22:55:34 +0000 live VIDEO: Drone captures Pioneering Spirit http://www.upstreamonline.com/live/1417886/video-drone-captures-pioneering-spirit Offshore construction vessel Pioneering Spirit remains delayed in Rotterdam, where a drone took some majestic footage of the mammoth catamaran. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417886/video-drone-captures-pioneering-spirit Wed, 25 Nov 2015 21:33:58 +0000 live Exco trims drilling budget http://www.upstreamonline.com/live/1417883/exco-trims-drilling-budget US onshore explorer Exco Resources has cut its drilling and completions budget for the first half of next year as it grapples with low commodity prices. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417883/exco-trims-drilling-budget Wed, 25 Nov 2015 21:25:36 +0000 live US rig count down by 13 http://www.upstreamonline.com/live/1417759/us-rig-count-down-by-13 The number of rigs drilling for oil and gas in the US fell by 13 this week for a total of 744, according to data from Houston-based services giant Baker Hughes. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417759/us-rig-count-down-by-13 Wed, 25 Nov 2015 18:27:04 +0000 live ND oil capital sets man camp deadline http://www.upstreamonline.com/live/1417758/nd-oil-capital-sets-man-camp-deadline Oilfield workers living in "man camps" in Williston, North Dakota have until July of next year to find other lodgings after lawmakers passed an ordinance denying extensions to the camps' occupancy permits. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417758/nd-oil-capital-sets-man-camp-deadline Wed, 25 Nov 2015 17:45:38 +0000 live UK cuts $1.5bn CCS scheme http://www.upstreamonline.com/live/1417757/uk-cuts-usd-15bn-ccs-scheme The UK government has cut its funding for the £1 billion ($1.5 billion) carbon capture & storage competition (CCS), following the release of the Autumn Statement Review, which aims for savings to several government departments. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417757/uk-cuts-usd-15bn-ccs-scheme Wed, 25 Nov 2015 17:34:44 +0000 live Genel, New Age in ‘early stage’ talks http://www.upstreamonline.com/live/1417755/genel-new-age-in-early-stage-talks Genel Energy is in early stage talks with privately-held New Age African Global Energy that may lead to a merger between the two companies, which have overlapping acreage portfolios. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417755/genel-new-age-in-early-stage-talks Wed, 25 Nov 2015 15:33:29 +0000 live Bankers gets Hungarian block http://www.upstreamonline.com/live/1417746/bankers-gets-hungarian-block Bankers Petroleum has been awarded a Hungarian exploration block for which the Canadian player is planning a €12.3 million ($13 million) investments beginning next year. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417746/bankers-gets-hungarian-block Wed, 25 Nov 2015 14:50:16 +0000 live Breaking up rigs 'is hard to do' http://www.upstreamonline.com/live/1417743/breaking-up-rigs-is-hard-to-do Analysts have criticised the slow pace of rig scrapping amid a global oversupply of units that has hit utilisation and dayrates, claiming it is delaying a drilling market recovery. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417743/breaking-up-rigs-is-hard-to-do Wed, 25 Nov 2015 14:36:04 +0000 live Car Wash police collar bank boss http://www.upstreamonline.com/live/1417738/car-wash-police-collar-bank-boss The Brazilian federal police have made another round of arrests linked to the Operation Car Wash anti-corruption investigations, with the chief executive of BTG Pactual bank - a major player in the Brazilian oil sector - among the latest to be affected. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417738/car-wash-police-collar-bank-boss Wed, 25 Nov 2015 14:14:50 +0000 live SeaEnergy warns on revenue drop http://www.upstreamonline.com/incoming/1417736/seaenergy-warns-on-revenue-drop Aberdeen offshore service provider SeaEnergy has warned its shareholders that it expects revenue for the year to be “severely” impacted by sustained low oil prices, which caused a drop in the company’s shares. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1417736/seaenergy-warns-on-revenue-drop Wed, 25 Nov 2015 12:28:50 +0000 ece_incoming Gazprom 'halts gas' to Ukraine http://www.upstreamonline.com/live/1417732/gazprom-halts-gas-to-ukraine Russia’s Gazprom has reportedly halted gas supplies to Ukraine after failing to receive an advance payment from the Kiev government, which has said it will stop buying gas from the Russians. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417732/gazprom-halts-gas-to-ukraine Wed, 25 Nov 2015 11:26:34 +0000 live Wartsila to re-design survey vessel http://www.upstreamonline.com/live/1417723/wartsila-to-re-design-survey-vessel Wartsila has been contracted by Dutch ship owner C-Bed to supply the design for rebuilding of a seismic survey vessel for use on offshore wind farms. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417723/wartsila-to-re-design-survey-vessel Wed, 25 Nov 2015 09:59:27 +0000 live VIDEO: Hansteen module 'milestone' http://www.upstreamonline.com/live/1417718/video-hansteen-module-milestone Construction of the world’s biggest spar platform to be installed at Statoil’s Aasta Hansteen field off Norway has taken a big step forward after the first of four mega-modules was put in place at Hyundai Heavy Industries. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417718/video-hansteen-module-milestone Wed, 25 Nov 2015 09:22:07 +0000 live BG starts up QCLNG train 2 http://www.upstreamonline.com/live/1417716/bg-starts-up-qclng-train-2 BG Group has formally started commercial operations from the second train at its Queensland Curtis LNG (QCLNG) project in eastern Australia. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417716/bg-starts-up-qclng-train-2 Wed, 25 Nov 2015 09:02:27 +0000 live Leviathan gas set for Egypt http://www.upstreamonline.com/live/1417715/leviathan-gas-set-for-egypt Noble Energy and Israel’s Delek Group have hatched a deal to sell gas from the giant Leviathan field in the eastern Mediterranean to Egypt. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417715/leviathan-gas-set-for-egypt Wed, 25 Nov 2015 08:51:41 +0000 live Profits cut for Odfjell http://www.upstreamonline.com/live/1417714/profits-cut-for-odfjell Odfjell Drilling’s profit was cut in the third quarter on lower revenue as the Oslo-listed rig contractor suffers from a weak drilling market, with some of its rigs lying idle awaiting future work. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417714/profits-cut-for-odfjell Wed, 25 Nov 2015 08:24:28 +0000 live Rosneft ups profit despite sales drop http://www.upstreamonline.com/live/1417713/rosneft-ups-profit-despite-sales-drop Cost cutting and currency movements helped Russian oil behemoth Rosneft boost profit in the first nine months of the year despite a fall in revenue. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417713/rosneft-ups-profit-despite-sales-drop Wed, 25 Nov 2015 08:24:16 +0000 live Bowleven to extend Cameroon test http://www.upstreamonline.com/live/1417712/bowleven-to-extend-cameroon-test Africa-focused Bowleven has elected to carry out extended testing on a well in the Bomono permit in Cameroon. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417712/bowleven-to-extend-cameroon-test Wed, 25 Nov 2015 08:01:31 +0000 live Total to raise $1.2bn of new debt financing http://www.upstreamonline.com/live/asia_oceania/1417709/total-to-raise-usd-12bn-of-new-debt-financing French giant Total has unveiled plans to raise $1.2 billion of new debt financing which will be used for general corporate purposes. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/asia_oceania/1417709/total-to-raise-usd-12bn-of-new-debt-financing Wed, 25 Nov 2015 07:20:51 +0000 live live_asiaoceania Oil dips on profit taking http://www.upstreamonline.com/live/1417708/oil-dips-on-profit-taking Crude oil futures dipped on Wednesday as investors took profits after prices rallied to two-week highs in the previous session on mounting geopolitical tension in the Middle East as Turkey downed a Russian warplane. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417708/oil-dips-on-profit-taking Wed, 25 Nov 2015 04:17:08 +0000 live Drilling starts on Roc-1 http://www.upstreamonline.com/live/1417707/drilling-starts-on-roc-1 Quadrant Energy has spudded the follow up exploration well to the Phoenix South discovery in Western Australia's offshore Bedout sub basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417707/drilling-starts-on-roc-1 Wed, 25 Nov 2015 01:43:39 +0000 live Alaska buys TransCanada AK LNG stake http://www.upstreamonline.com/live/1417706/alaska-buys-transcanada-ak-lng-stake The State of Alaska has finalised a deal with TransCanada to buy out the pipeline company's share in the proposed Alaska liquefied natural gas export project for nearly US$65 million. (Tonya Zelinsky) http://www.upstreamonline.com/live/1417706/alaska-buys-transcanada-ak-lng-stake Wed, 25 Nov 2015 00:36:02 +0000 live Oil hits two-week high http://www.upstreamonline.com/live/1417705/oil-hits-two-week-high Oil prices hit two-week highs on Tuesday, rising about 3%, after a spike in Middle East tensions from Turkey's downing of a Russian warplane and a rally in US gasoline futures. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417705/oil-hits-two-week-high Tue, 24 Nov 2015 23:14:54 +0000 live Hercules wins Renaissance contract http://www.upstreamonline.com/live/1417704/hercules-wins-renaissance-contract Struggling US rig contractor Hercules has hired out one of its jack-up rigs to operator Renaissance Offshore for work in the US Gulf of Mexico. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417704/hercules-wins-renaissance-contract Tue, 24 Nov 2015 22:41:12 +0000 live Icon wins PSV gig with KPOC http://www.upstreamonline.com/live/1417690/icon-wins-psv-gig-with-kpoc Malaysia-listed vessel owner Icon Offshore has won a two-year contract to provide one deep-water platform supply vessel to services company Borneo Seaoffshore. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417690/icon-wins-psv-gig-with-kpoc Tue, 24 Nov 2015 18:41:51 +0000 live Strike halts 2.29m barrels of Petrobras output http://www.upstreamonline.com/live/1417689/strike-halts-229m-barrels-of-petrobras-output As the labour strike by Petrobras oil workers in Brazil appeared to be reaching an end, the state-run operator revealed the impact the last several weeks has had on its production. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417689/strike-halts-229m-barrels-of-petrobras-output Tue, 24 Nov 2015 18:16:18 +0000 live KBR lands Louisiana LNG FEED work http://www.upstreamonline.com/live/1417688/kbr-lands-louisiana-lng-feed-work US contractor KBR has won a contract to carry out front end engineering and design (FEED) work for G2's proposed $11 billion liquefied natural gas facility in Cameron Parish, Louisiana. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417688/kbr-lands-louisiana-lng-feed-work Tue, 24 Nov 2015 18:10:16 +0000 live VIDEO: Anadarko upends Heidelberg http://www.upstreamonline.com/live/1417682/video-anadarko-upends-heidelberg Anadarko Petroleum is getting closer to first oil at its Heidelberg spar in the US Gulf of Mexico, and has released a video showing the process of upending the spar hull, which took place in July. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417682/video-anadarko-upends-heidelberg Tue, 24 Nov 2015 16:38:17 +0000 live Lukoil ‘to cut back on investments’ http://www.upstreamonline.com/live/1417666/lukoil-to-cut-back-on-investments Russian player Lukoil has plans to cut back on investments for next year, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417666/lukoil-to-cut-back-on-investments Tue, 24 Nov 2015 15:53:06 +0000 live NADL sinks into red on slump http://www.upstreamonline.com/live/1417624/nadl-sinks-into-red-on-slump Shareholders in North Atlantic Drilling Ltd (NADL) saw a negative return in the third quarter as the Seadrill offshoot suffered a loss on reduced revenue after being left with idle rigs amid a drilling market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417624/nadl-sinks-into-red-on-slump Tue, 24 Nov 2015 13:54:23 +0000 live Alvheim output cut http://www.upstreamonline.com/live/1417608/alvheim-output-cut Det Norske is being forced to temporarily curb output from its Alvheim floating production, storage and offloading vessel off Norway due to repair work. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417608/alvheim-output-cut Tue, 24 Nov 2015 13:05:51 +0000 live Shell fined over Gannet oil spill http://www.upstreamonline.com/live/1417596/shell-fined-over-gannet-oil-spill Shell has been fined £22,500 ($34,000) for causing the worst oil spill off the UK in a decade at the Gannet field in the central North Sea in August 2011. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417596/shell-fined-over-gannet-oil-spill Tue, 24 Nov 2015 12:08:40 +0000 live Norway drilling 'slashed' in 2016 http://www.upstreamonline.com/live/1417594/norway-drilling-slashed-in-2016 Operators off Norway intend to slash exploration spending next year as they cut back further on drilling activity, according to a survey by the country’s statistics agency SSB. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417594/norway-drilling-slashed-in-2016 Tue, 24 Nov 2015 11:07:06 +0000 live SacOil evaluates DRC irregularities http://www.upstreamonline.com/live/1417593/sacoil-evaluates-drc-irregularities SacOil is evaluating recommendations from an EY report that investigated a 2011 unsuccessful transaction in the Democratic Republic of Congo (DRC), which highlighted irregularities by its previous management. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417593/sacoil-evaluates-drc-irregularities Tue, 24 Nov 2015 11:00:49 +0000 live Black Platinum eyes Dara find solutions http://www.upstreamonline.com/live/1417586/black-platinum-eyes-dara-find-solutions Privately-owned explorer Black Platinum Energy is working on several different field development concepts for its shallow-water Dara gas field in Indonesia’s side of the East Natuna Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417586/black-platinum-eyes-dara-find-solutions Tue, 24 Nov 2015 10:00:51 +0000 live Sevan Drilling reverses loss http://www.upstreamonline.com/live/1417585/sevan-drilling-reverses-loss Ultra-deepwater driller Sevan Drilling reversed a year-earlier loss in the third quarter as it achieved higher revenue while also cutting operating costs for its operating three-rig fleet. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417585/sevan-drilling-reverses-loss Tue, 24 Nov 2015 09:24:22 +0000 live Bashneft boosts income http://www.upstreamonline.com/live/1417584/bashneft-boosts-income Bashneft saw its profit increase in the first nine months of the year despite the drop in prices for crude oil and petroleum products as the Russian regional player boosted production. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1417584/bashneft-boosts-income Tue, 24 Nov 2015 09:22:13 +0000 live US destroys more Isis oil trucks http://www.upstreamonline.com/live/1417581/us-destroys-more-isis-oil-trucks The US military has continued to target the so-called Islamic State’s (Isis) oil revenue stream by bombing almost 300 fuel trucks in Syria, according to reports. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417581/us-destroys-more-isis-oil-trucks Tue, 24 Nov 2015 08:38:14 +0000 live Impairments hit Seadrill http://www.upstreamonline.com/live/1417579/impairments-hit-seadrill Seadrill plunged to a loss in the third quarter as the rig giant suffered from heavy impairments and also saw revenue drop as units were left out of action due to a drilling market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417579/impairments-hit-seadrill Tue, 24 Nov 2015 08:19:44 +0000 live Rockhopper in FOGL takeover bid http://www.upstreamonline.com/live/1417578/rockhopper-in-fogl-takeover-bid Rockhopper Exploration has agreed terms for a £57.1 million ($86.5 million) takeover of fellow UK-listed player Falkland Oil & Gas Ltd (FOGL). Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417578/rockhopper-in-fogl-takeover-bid Tue, 24 Nov 2015 07:58:24 +0000 live Eagle launch for Lundin http://www.upstreamonline.com/live/1417577/eagle-launch-for-lundin Lundin Petroleum has kicked off drilling of a frontier wildcat at the Ornen (Eagle) prospect in the Barents Sea off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417577/eagle-launch-for-lundin Tue, 24 Nov 2015 07:33:50 +0000 live Oil rises on Saudi pledge http://www.upstreamonline.com/live/1417576/oil-rises-on-saudi-pledge Crude oil futures rose about 1% on Tuesday, after Saudi Arabia pledged to work toward oil price stability, while a strong US dollar and an expected rise in US crude stocks limited the price rally. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417576/oil-rises-on-saudi-pledge Tue, 24 Nov 2015 04:09:16 +0000 live SapuraKencana hires UMW jack-up http://www.upstreamonline.com/live/1417575/sapurakencana-hires-umw-jack-up UMW Oil & Gas has been awarded a contract to provide a jack-up drilling rig to fellow Malaysian company SapuraKencana Petroleum. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417575/sapurakencana-hires-umw-jack-up Tue, 24 Nov 2015 03:31:29 +0000 live Citic spuds Oseil well http://www.upstreamonline.com/live/1417574/citic-spuds-oseil-well Hong Kong-listed Citic Resources has spudded the sixth well in its third phase development of the Oseil oilfield in the Seram Non Bula production sharing contract in eastern Indonesia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1417574/citic-spuds-oseil-well Tue, 24 Nov 2015 02:20:29 +0000 live US crude down on supply glut worries http://www.upstreamonline.com/live/1417572/us-crude-down-on-supply-glut-worries Brent settled steady and US crude slightly lower on Monday after prices were whipsawed by volatility as Saudi Arabia pledged to work toward oil price stability but traders worried about a global supply glut and signs of rising US stockpiles. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417572/us-crude-down-on-supply-glut-worries Tue, 24 Nov 2015 00:15:14 +0000 live Ecopetrol 'to be placed in holding company' http://www.upstreamonline.com/live/1417571/ecopetrol-to-be-placed-in-holding-company Colombia will reportedly create a holding company of state-owned businesses, including oil company Ecopetrol, in a bid to increase transparency and as a step towards membership in the Organisation for Economic Co-operation & Development, President Juan Manuel Santos said on Monday. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417571/ecopetrol-to-be-placed-in-holding-company Mon, 23 Nov 2015 23:39:07 +0000 live Shell secures rig for Albania appraisal http://www.upstreamonline.com/live/1417570/shell-secures-rig-for-albania-appraisal Partners Shell and Petromanas have contracted a 3000-horsepower rig for a term of two years for a planned appraisal programme onshore Albania. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417570/shell-secures-rig-for-albania-appraisal Mon, 23 Nov 2015 23:31:07 +0000 live Eni to plug Vernaccia wildcat http://www.upstreamonline.com/live/1417568/eni-to-plug-vernaccia-wildcat Italian operator Eni will permanently plug and abandon its Vernaccia wildcat well after reaching total depth at the deep-water probe in the US Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417568/eni-to-plug-vernaccia-wildcat Mon, 23 Nov 2015 22:50:12 +0000 live Chesapeake hit with $1.4m fine http://www.upstreamonline.com/live/1417567/chesapeake-hit-with-usd-14m-fine Pennsylvania regulators have fined US shale giant Chesapeake Energy $1.4 million and required it to clean up a series of streams in the southwestern part of the state following a landslide at one of their drilling locations in 2011. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1417567/chesapeake-hit-with-usd-14m-fine Mon, 23 Nov 2015 20:57:51 +0000 live Benthic wins two Woodside contracts http://www.upstreamonline.com/live/1417565/benthic-wins-two-woodside-contracts Woodside Petroleum has awarded geosciences company Benthic contracts for technical site investigations at the proposed Browse floating liquefaction project and at the Greater Enfield development off Western Australia. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417565/benthic-wins-two-woodside-contracts Mon, 23 Nov 2015 20:42:05 +0000 live US reserves jump but decline coming http://www.upstreamonline.com/live/1417563/us-reserves-jump-but-decline-coming US oil reserves soared and natural gas reserves hit an all-time high in 2014 on the back of increased drilling but low prices will likely cut into the gains next year, according to the latest numbers from the federal government. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1417563/us-reserves-jump-but-decline-coming Mon, 23 Nov 2015 20:27:28 +0000 live Sanders: 'To hell with' fossil fuels http://www.upstreamonline.com/live/1417561/sanders-to-hell-with-fossil-fuels US Senator Bernie Sanders, a longtime opponent of the oil and gas industry and corporate wealth, lambasted the fossil fuel industry and its conservative allies, accusing them of covering up information on climate change and taking advantage of the middle class. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417561/sanders-to-hell-with-fossil-fuels Mon, 23 Nov 2015 19:17:46 +0000 live Riverstone commits more to US Gulf http://www.upstreamonline.com/live/1417554/riverstone-commits-more-to-us-gulf Energy-focused hedge fund Riverstone Holdings has committed $200 million to form another company that will buy stakes in deep-water US Gulf of Mexico oil and gas projects. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1417554/riverstone-commits-more-to-us-gulf Mon, 23 Nov 2015 18:04:13 +0000 live Resolute sells Permian acres for $178m http://www.upstreamonline.com/live/1417553/resolute-sells-permian-acres-for-usd-178m US junior Resolute Energy has sold a package of assets in the Permian basin for $177.5 million to an undisclosed buyer in an effort to strengthen the company’s balance sheet. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1417553/resolute-sells-permian-acres-for-usd-178m Mon, 23 Nov 2015 18:01:55 +0000 live Oil & gas lawyer freed in Mali crisis http://www.upstreamonline.com/live/1417548/oil-and-gas-lawyer-freed-in-mali-crisis A Canadian oil and gas lawyer was taken hostage and later freed during an attack last week on the Radisson Blu hotel in the Malian capital city of Bamako, according to reports. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1417548/oil-and-gas-lawyer-freed-in-mali-crisis Mon, 23 Nov 2015 17:36:22 +0000 live BG grabs Aphrodite stake http://www.upstreamonline.com/live/1417523/bg-grabs-aphrodite-stake BG Group has farmed into the Aphrodite gas discovery off Cyprus after taking a significant stake in the block off operator Noble Energy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417523/bg-grabs-aphrodite-stake Mon, 23 Nov 2015 13:28:13 +0000 live Statoil 'hatching plans' for field pair http://www.upstreamonline.com/live/1417521/statoil-hatching-plans-for-field-pair Statoil aims to submit development plans for a pair of fields off Norway and the UK next year as it brings costs down to make greenfield projects commercially viable in a low oil price environment, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417521/statoil-hatching-plans-for-field-pair Mon, 23 Nov 2015 13:11:56 +0000 live TAP dishes out key pipeline award http://www.upstreamonline.com/live/1417519/tap-dishes-out-key-pipeline-award The Trans Adriatic Pipeline (TAP) consortium has selected a Greek-Japanese partnership to supply the piping for the Greek portion of its pipeline link to carry Azeri gas to Europe. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417519/tap-dishes-out-key-pipeline-award Mon, 23 Nov 2015 13:10:28 +0000 live Alberta sets oil sands limit, carbon tax http://www.upstreamonline.com/live/1417518/alberta-sets-oil-sands-limit-carbon-tax Alberta is setting a limit on oil sands emissions as the key Canadian hydrocarbons-producing province also puts a price on carbon as part of measures to tackle climate change in a move applauded by industry. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417518/alberta-sets-oil-sands-limit-carbon-tax Mon, 23 Nov 2015 12:58:26 +0000 live New twist to events in Syria http://www.upstreamonline.com/live/1417515/new-twist-to-events-in-syria Consider this scenario: Russia increasingly assumes ownership of the war in Syria and of the country. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1417515/new-twist-to-events-in-syria Mon, 23 Nov 2015 12:27:48 +0000 live Statoil nod for Oseberg probe http://www.upstreamonline.com/live/1417509/statoil-nod-for-oseberg-probe Statoil has been given the safety green light to drill an exploration well targeting the B-West and Angkor Thom prospects near the producing Oseberg field off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417509/statoil-nod-for-oseberg-probe Mon, 23 Nov 2015 11:22:18 +0000 live Siem wins charters for trio http://www.upstreamonline.com/live/1417508/siem-wins-charters-for-trio Siem Offshore has secured charters for a trio of platform supply vessels outside of the depressed North Sea market. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417508/siem-wins-charters-for-trio Mon, 23 Nov 2015 10:51:37 +0000 live NPD: 'Pull the plugging' http://www.upstreamonline.com/live/1417507/npd-pull-the-plugging The Norwegian authorities are taking issue with operators such as state-owned Statoil over their use of excess rig capacity to plug wells, claiming it erodes value creation from resources. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1417507/npd-pull-the-plugging Mon, 23 Nov 2015 09:56:20 +0000 live